SIDBI to contribute Rs 180 cr to India Opportunities Fund

The Small Industries Development Bank of India (SIDBI) has committed to invest Rs 180 crore in the proposed Rs 600-crore India Opportunities Fund series. The Chairman and Managing Director (CMD) of SIDBI Mr S. Muhnot said that Several Public sector banks and insurance companies have also committed investments to this fund. The India Opportunities Fund is a venture capital fund and would be the third fund of SIDBI Venture Capital, a SIDBI subsidiary.